UPRO - Poor EMU PMI Compounds ECB's Challenge
Overview: The eurozone's preliminary composite PMI for January fell to its lowest level since July 2013. It reinforces expectations for a dovish Draghi press conference and saw the euro unwind yesterday's gains. The US dollar is firmer against all the major currencies. Asian stocks gained, and the MSCI Asia Pacific Index snapped a two-day fall with the help of chipmakers, as SK Hynix (HXSCF) boosted its dividend, Lam (LRCX) announced a share buyback program, and Xilinx (XLNX) forecast stronger sales. European bourses are also moving higher, trying to end a three-day drop, helped by information